Dukascopy was founded in 2004 by Dr. Duka as a Swiss brokerage house in Geneva. In researching for our Dukascopy review, we found that the broker was developed the Swiss FX market in 2006, which is an ecosystem supporting traders with applications and platform infrastructure.
They also procured a Swiss banking license in 2010 and launched Dukascopy Bank. In 2011, Mark acquired an EU brokerage license in Latvia, presenting its passports throughout Europe under MiFID from Dukascopy Europe, in addition to the offer of the Swiss bank.
In our Dukascopy review research, we found the company is a licensed Type 1 broker. In Japan, he serves a local market regulated by the Japanese Financial Services Authority (JFSA). He is also a member of the Japanese Financial Futures Association (FFAJ).
The trading platforms used by Dukascopy Bank trading can be accessed through the Swiss Forex Marketplace (SWFX). The platforms available will support a wide range of trading orders like Stop, Take Profit, Market, Limit, Stop Loss, Stop Limit, Place Bid/Offer, Trailing Stop, OCO, and others.
On these platforms, which include Dukascopy MT4, you will have two trading models; "Net Position" and "Hedging." They will allow you different direction position on the same instrument, with the possibility to merge them if you want.
Dukascopy offers a wide range of research tools in its JForex3 platform for desktops, websites, and mobile devices. It also includes news about the streaming market, live economic calendar with consensus forecasts, market sentiment indicators. Other tools that ease investors to make informed decisions trade are also a part of the research tools.
Dukascopy Minimum Deposit
The accounts available on Dukascopy, are listed in a way that follows how much money you need to deposit to use them. The basic account requires a minimum of $100, and the next one requires $5000, and then we have the $100,000 and $250,000 Accounts.
Most of the instruments available to you here are traded on a 24-hour basis that is not interrupted from Sunday (21:00 GMT during summer and 22:00 in Winter,) until the market closes on Friday (21:00 GMT in summer and 22:00 in Winter.)
In our research for the Dukascopy review, we found that they have a demo account for forex and binary options traders.
If you follow sharia laws, you will be happy to know that they provide you with an Islamic account.
The bonuses and promotions you get when you use Dukascopy are never-ending. Due to the tightening in regulations all over the world, there is a chance that they might stop offering them.
In our Dukascopy review research, we found that they offer from 10% bonuses to 100% bonuses, and we recommend you go to the site and see what they are offering at the time that you decide to join them.
If you refer a friend and they end up becoming a live trader with Dukascopy, you can expect to get a 100% discount in a future trade. At one point, they had a competition among the traders with quarterly prizes amounting to $16,000.
They also had a Signal Provider Grand Prix, where $11,500 was awarded quarterly to traders who had the most consistent and best results.
However, the Dukascopy group offers competitive prices on the Forex and CFD market and access to 64 currency markets and over 600 CFD markets on a proprietary set of JForex platforms that supports algorithmic trading and is compatible with almost all operating systems and devices.
Trading with a forex broker can be trusted, which is crucial for success.
Above all, Dukascopy offers one type of account for foreign exchange transactions on the Forex ECN account, where the method of implementation may vary depending on the agency and the transaction department. While the measures are the same for all customers on the ECN account, the added commission rates will vary depending on turnover, net balance, and deposits.
Dukascopy Customer Support
In our Dukascopy review research, we found that they offer six days each week via email and phone for support needs. Chat support is available during working hours, and you can contact them using Skype instead of paying for international phone calls.
Through the website, you can submit a call back request easily and receive a call back from them through their customer care department.
Dukascopy Details Overview
|Established: 2004||Website: https://www.dukascopy.com|
|Address: Route de Pré-Bois 20 ICC, Entrance H 1215 Geneva 15, Switzerland||Regional Offices: None.|
|Minimum to Open Live: $100||Regulators: : FINMA|
|Minimum Trade Size: 0.01||Prohibited Countries: Geneva, Switzerland. Riga, Latvia. Kyiv, Ukraine. Hong Kong. Moscow, Russia. Tokyo, Japan.|
|Maximum Leverage: 1:100||ECN: Available|
|Mobile Trading: Available||Currencies: 40+|
|Trading Platforms: MT4 and JForex||Cryptocurrencies: Bitcoin and Ethereum|
|Robots: Available||CFD: 605+ Including Gold, Stocks, Silver, Indexes, Oil, etc.|
|Scalping: Allowed||Web Trading: Available|
|Deposit Methods: : Bank Wire, VISA, Bank Guarantees, Maestro, Other Crypto Currencies.||Withdrawal Methods: : Bank Wire, VISA.|